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How to Become an Investment Banker
Investment banking is one of the most prestigious and high-paying careers in the finance world. It’s a dynamic field that combines financial expertise, strategic thinking, and high-stakes decision-making. But how do you actually become an investment banker? What qualifications are required? What skills do you need? Whether you’re a student, graduate, or professional looking to switch careers, this blog breaks down the full roadmap to becoming an investment banker in India or globally.
Who is an Investment Banker?
An investment banker is a financial professional who helps corporations, governments, and other entities raise capital and complete complex financial transactions. These may include mergers and acquisitions (M&A), initial public offerings (IPOs), bond issues, and corporate restructuring.
Their core responsibilities include:
- Advising clients on financial strategies
- Valuing businesses and analyzing market trends
- Raising capital through debt and equity
- Managing IPOs and public listings
- M&A advisory and due diligence
Investment bankers work in high-pressure environments, often for long hours, but are well-compensated for their efforts.
Step-by-Step Guide: How to Become an Investment Banker
Yes, absolutely!
If you have completed your 12th (preferably in commerce), you are eligible to start your CA journey through the Foundation Route of ICAI.
-
Step 1: Choose the Right Educational Path
1. Undergraduate Degree
The first step is pursuing a bachelor’s degree. Popular choices include:
B.Com (Bachelor of Commerce)
BBA (Bachelor of Business Administration)
BA in Economics
BSc in Finance or Statistics
Top Indian universities like Delhi University, NMIMS, and Christ University offer relevant undergraduate programs. Globally, Ivy League or top-tier universities (like Wharton, LSE, or NYU Stern) can give an edge.
2. Postgraduate Degree (Optional but Preferred)
A Master of Business Administration (MBA) from a reputed institution like IIMs, ISB, or foreign B-schools is highly regarded. An MBA in finance can significantly boost your chances of breaking into top investment banks.
Alternatively, you can pursue a Master’s in Finance, especially if you're targeting roles in Europe or the US. -
Step 2: Get Relevant Certifications
Certifications are not mandatory, but they can give you an edge:
CFA (Chartered Financial Analyst)—Gold standard in investment finance
FRM (Financial Risk Manager)—For those inclined towards risk management
NISM Certifications—Mandatory for some Indian finance roles
Certifications help showcase your technical expertise and commitment to the field. -
Step 3 : Build Key Skills
Investment banking requires a blend of hard and soft skills:
Technical Skills: Financial modeling
Valuation techniques (DCF, LBO, comparable analysis)
Excel and PowerPoint mastery Understanding of financial statements
Soft Skills:
Strong communication and presentation
Analytical thinking
Attention to detail
Time and stress management
Many aspiring bankers take online courses or bootcamps on platforms like Coursera, Udemy, or Wall Street Prep to master these skills. -
Step 4: Gain Relevant Experience
Internships
Securing internships in banks, financial firms, or consulting companies during your studies is essential. It gives you exposure to the industry and increases your chances of landing a full-time role.
Entry-Level Roles
If you’re unable to directly enter investment banking, consider roles such as:
Financial Analyst
Equity Research Associate
Corporate Finance Executive
These roles can serve as stepping stones into investment banking. -
Step 5: Network Aggressively
Networking plays a critical role in investment banking recruitment. You should:
Attend finance summits, career fairs, and alumni events
Join LinkedIn and connect with current investment bankers
Request informational interviews to learn and build relationships
Often, referrals and strong networks are what land you the interview. -
Step 6: Crack the Interview
Investment banking interviews are notoriously tough. They include:
Technical Questions (valuation, accounting, modeling)
Behavioral Questions (leadership, teamwork, pressure handling)
Case Studies or live modeling assignments
Prepare thoroughly using online IB guides, mock interviews, and finance prep platforms like Mergers & Inquisitions or Investopedia.
Top Investment Banks Hiring in India
- J.P. Morgan
- Goldman Sachs
- Morgan Stanley
- HSBC
- ICICI Securities
- Axis Capital
- Avendus Capital
These firms hire through campus placements, lateral hiring, and internship conversion.
Investment Banker Salary in India
Here’s a rough breakdown of investment banker salaries in India:
| Level | Salary (INR per annum) |
|---|---|
|
Analyst (Entry) |
₹8 – ₹20 LPA |
|
Associate |
₹20 – ₹40 LPA
|
|
Vice President
|
₹40 – ₹80 LPA |
|
Director/MD
|
₹80 LPA – ₹2 Cr+
|
Top firms, bonuses, and global placements can push earnings even higher.
CA Course Fees (Approximate) Pros and Cons of Being an Investment Banker
| ✅ Pros: | ❌ Cons: |
|---|---|
|
High salary and bonuses
|
Long and stressful hours
|
|
Fast career growth |
Competitive industry |
|
Prestige and global exposure |
Intense pressure and burnout risks
|
|
Strong skill development |
Strong skill development |
FAQs: How to Become an Investment Banker
Yes, especially if you have a strong finance background, certifications (like CFA), and relevant work experience. However, an MBA from a top institute can significantly boost your chances.
Not mandatory, but it’s highly valued for demonstrating financial knowledge. Many analysts pursue it to stand out.
Opt for Commerce or Science with Maths in 11th and 12th. A strong base in economics, business, and mathematics helps.
Typically, it takes 5–7 years of education and experience — including undergraduate studies, internships, and possibly a master’s degree or certifications.
Yes, with the right skill development and education in finance through postgrad degrees or certifications.
